Qorvo (NASDAQ:QRVO) Updates Q3 Earnings Guidance

Qorvo (NASDAQ:QRVO) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.10-1.30 for the period, compared to the consensus EPS estimate of $1.93. The company issued revenue guidance of $875-925 million, compared to the consensus revenue estimate of $1.05 billion. Qorvo also updated its Q3 2025 guidance to 1.100-1.300 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on QRVO shares. Rosenblatt Securities lifted their price target on shares of Qorvo from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their price target on Qorvo from $105.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. StockNews.com cut Qorvo from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Susquehanna reduced their price objective on shares of Qorvo from $115.00 to $90.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, UBS Group cut their target price on shares of Qorvo from $115.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Qorvo currently has a consensus rating of “Hold” and a consensus target price of $104.47.

Qorvo Stock Down 27.3 %

NASDAQ QRVO traded down $27.44 during trading hours on Wednesday, hitting $73.04. 10,432,682 shares of the company traded hands, compared to its average volume of 1,394,354. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.36 and a current ratio of 1.95. The business’s 50-day moving average is $104.86 and its 200-day moving average is $107.98. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of -100.05, a P/E/G ratio of 1.20 and a beta of 1.45. Qorvo has a twelve month low of $71.31 and a twelve month high of $130.99.

Qorvo (NASDAQ:QRVO) last issued its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Qorvo had a negative net margin of 0.66% and a positive return on equity of 14.92%. Qorvo’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.99 EPS. Sell-side analysts anticipate that Qorvo will post 4.84 earnings per share for the current year.

Insider Transactions at Qorvo

In related news, VP Gina Harrison sold 689 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $107.67, for a total transaction of $74,184.63. Following the sale, the vice president now owns 21,601 shares of the company’s stock, valued at $2,325,779.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Qorvo Company Profile

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.